In a room filled with many hands in the painting by Pablo Picasso (1881-1973) The Women of Algiers , painted in 1955, was topped last night at Christie’s New York 179 365 000 dollars. It is the highest amount paid in the history of the auction for a work of art and moves over the previous record set in 2013 by Portrait of Lucien Freud , a triptych by Francis Bacon topped US $ 142 million .
Crown Jewel, the Picasso record had everything to gain. Quality, museum, origin, size, subject and date. Yesterday, just hours before the sale, in the hall of Rockefeller Center version circulated a final price of $ 150 million, but the category of the work, the strength of the market and the financial euphoria of the past few days made the rest.
The Women of Algiers , along with Guernica , Portrait of Gertrude Stein , Boy with Pipe and The Young Ladies of Avignon, integrates the honor of works by the Spanish. It was bought by Victor and Sally Ganz in the 50 to Kanweiller dealer, in a batch of 15 paintings, of just over $ 200,000. The dealer did not want to separate … and knew what he was doing. Four decades later, some of that treasure Picasso was auctioned for $ 206 million in a historic night.
The Ganz became the paradigm of good collector. The buying at the right time than anyone still is eyeing. Victor was a jeweler on Fifth Avenue and Sally, a former employee of Macy’s. Together they decided to start a collection after visiting an exhibition at the MoMA. Pablo Picasso was already a name in the arena of art, but it was also a risk, playing the cards for his work was not like buying an impressionist. But Ganz believed Picasso and his dealer.
Last night, the intuition of this unique marriage had its prize. At an incredible pace, bids pulled in $ 110 million in less than imagined were in 130. The voice of Jussi Pylkkanen, Global president Christie’s and auctioneer in charge, sounded clear and enthusiastic transmission online . Pauses and laughs when bids reached $ 138 million. On phones were still active Rebecca, Anne Marie and Louis receiving offers from who knows where in the world and who. “Many people in this game (Many people in this game),” said the man and offers up to 160 million dollars, hammer price, making a total with the commission of 179.365 million shot.
Picasso was the first artist to appear on the cover of a magazine, it was a marketing champion, had a long life, a chain of passionate love and the ability to reinvent itself again and again. Son of a Catalan painter and a teacher, demonstrated his ability to paint from an early age, so much so that when he painted First Communion box conserved in the Picasso Museum in Barcelona, with the dexterity a scholar of the nineteenth century, his father decided not to paint more. How to deal with that genius
His career continued in Paris; Cubist Braque was from this dividing line marking The Young Ladies of Avignon, New York MoMA collection. There begins to faceting figures in the fabric up to create a new way of painting. The Women of Algiers was painted in 1955, when he had success and fame was on his side. The picture is a tribute to his friend and closest competitor Henri Matisse, and also a review of the Romantics, because the composition and the scene are inspired by a painting by Eugene Delacroix.
Picasso was the artist’s It quoted in life and last night the most expensive in history. In the ranking, it is occupying the top positions. Boy with a Pipe , divine painting of the Rose Period, marked the end of layoff market began in the 90s when it was sold at 104 million dollars.
In addition to superb painter, capable of recording on a canvas the horrors of war as it did in the Guernica , Reina Sofia Museum in Madrid collection, Picasso was a prodigious artist for their enormous production. To continue the saga, last night some time after the record, Bust of woman , Malaga painting was topped 60 million. Hammer price.
The man pointing I yesterday is the most expensive sculpture ever sold and confirms the place of Alberto Giacometti (see separate article). Picasso and Giacometti now comprise the pantheon of the most expensive. The explanation must be sought not only in the quality of his work and innovative gesture that both embody, but in weak currencies, the instability of the economy, the role of Chinese buyers, Arabs and Russians, and the overwhelming unequal distribution of wealth. In 1987, a box is first sold above the US $ 10 million. La Rue aux Mosnier paveurs , Monet, a genre scene anticipated career Paris records that followed.
705 Million dollars
It was the total balance of the auction at Christie’s in New York registered last night, where a sculpture by Alberto Giacometti was also auctioned at record price
The most expensive Picasso
The Women of Algiers, 2015, US $ 179 365 000
Nude with leaves, 2006, US $ 106 482 000
Boy with a Pipe, 2004, US $ 104 100 000 .
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